RE: New companies6 Apr 2019 10:51
Re woodford; I agree with mainly with TW. Indeed his privatisation scam of fear and bullying here just adds to his dubiousness and share picking abilities at the right price. He’s made appalling decisions on many of his investments- and clearly he did here with his buy in price at over a £
But what’s happened recently ? We’ve had “it’s hopeless ; no one is interested in any of the portfolio companys, best sell your shares at 1.5p before there’s no offer, we’re WINDING DOWN ( hint - get out) and NOW::
But:
All investments requiring funding - sold and cash in the bank
All self funding investments retained of which
1. Nasdaq- 4m
2. 10m invested in GC by third party ( and sanctioned by PRC outward investment board ).
But far from winding down , we are expanding the portfolio with 2 new seed investments.
It’s all changed since Mr 29.9pc. And he financed the recent disposals. A bit pro- active? And now 2 new investments when the co is purportedly winding down.
Welcome new blood and impetus that , by monetary persuasion, is dragging Woody along as he will benefit and he has enough problems to deal with. Woodys past behaviour here re Privatisation was a disgrace ( and cost their Invesco Mates a fortune as they sold out at nothing - but it’s not their cash is it?)
So my view is that it ain’t Woody; he’s sulking cause he got caught out so he’s reluctantly allowing the new man to grab it and run with it - and I’m very happy that virtue has overcome complacency and bullying. He clearly has a plan and is a person of action. ( notice Wanda turnaround from winding up to sale - 2 days)
I’ve no idea where this is going but it ain’t down from 6m.
All imo